Replies to post #7110 on Petaquilla Minerals Ltd. (fka PTQMF)

[Implanting]

I agree Badge. It seems to me that after the vote is completed and IMO passed the Company will be motivated to commence moving the SP higher with some sort of positive news. Exploration updates would be a possibility, offical PDI spin-off news could be something, production updates could be one.

The PP holders will want to see some immediate SP appreciation after putting up their $32M and it only stands to reason Fifer would give it to them and us.

[Lojiko]

NLT (i.e., no later than) March 31st, I would imagine.

I would agree with jal that SP may become a bigger priority, not only b/c the PP investors want to see some appreciation in their shares (which can't be traded until four months after the PP closes anyway), but b/c PTQ will want to call those $1.45 warrants.

"The warrants contain an expiry acceleration provision that if the common shares of the Company trade at a weighted average trading price equal to or greater than CAD $2.00 per share for 30 consecutive trading days, the Company is entitled to provide written notice to the warrant holders advising that the warrants will expire on a date that is not less than 30 days from the date of such notice."
- PR, 2010.12.21

16M x $1.45 = $23.2M

That gives PTQ an incentive to get the SP to $2/sh and keep it there for over 30 days. I especially like the fact that it's a weighted average, so if the SP drops below $2 briefly, it won't reset the clock. The only thing that will reset the expiry acceleration clause would be if the weighted avg falls below $2.

For this reason alone, I think we have a shot at seeing $2 sooner rather than later, provided there isn't some stupid clause that delays the starting of the clock until a certain time, like the trading delay on the 16M common shares.

The devil is in the details.

I'll call it like this ... $2 by the end of March, $3 by the end of May.